You know you should exercise, eat more vegetables, and avoid the office candy jar. You mean to stop procrastinating – at some point. Starting tomorrow, you’ll try to get more sleep. And be more productive. And spend more time with your family. And carve out more time for yourself…
Oh. And save money. You know you’re supposed to be saving money, right? The problem is, while survey after survey catches us saying that saving is a priority, a 2012 report by CIBC found that 45 percent of us have no emergency savings, and only about half of people under of the age of 35 have any savings in an RRSP, according to a survey released by BMO in August.
The bottom line: When life gets overwhelming, we tend to let a lot of things slide.
What’s a girl to do? It turns out that getting on a savings plan involves a combination of strategy, money smarts and psychology. We talked to John Tracy, senior vice president at TD Canada Trust, and Dr. J. Bruce Morton, a psychology professor at Western University, to find out what may be holding you back. Check it out in my new article on GoldenGirlFinance.com.